News coverage about Marvell Technology Group (NASDAQ:MRVL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Marvell Technology Group earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 46.7826346926451 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:

Shares of Marvell Technology Group (MRVL) traded up $0.02 during midday trading on Friday, hitting $24.34. 17,112,897 shares of the company traded hands, compared to its average volume of 7,143,655. Marvell Technology Group has a one year low of $14.58 and a one year high of $25.18. The stock has a market capitalization of $12,070.45, a PE ratio of 23.63, a P/E/G ratio of 1.29 and a beta of 0.91.

Marvell Technology Group (NASDAQ:MRVL) last announced its quarterly earnings results on Thursday, March 8th. The semiconductor company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.01. Marvell Technology Group had a net margin of 21.56% and a return on equity of 13.25%. The company had revenue of $615.40 million for the quarter, compared to analysts’ expectations of $610.99 million. During the same quarter in the previous year, the company earned $0.22 earnings per share. Marvell Technology Group’s quarterly revenue was up 8.7% on a year-over-year basis. equities research analysts anticipate that Marvell Technology Group will post 1.16 EPS for the current fiscal year.

Several research firms have weighed in on MRVL. TheStreet downgraded shares of Marvell Technology Group from a “b” rating to a “c+” rating in a research note on Thursday. Cowen boosted their price target on shares of Marvell Technology Group from $21.00 to $29.00 and gave the stock an “outperform” rating in a research note on Friday. Morgan Stanley reissued an “equal weight” rating and issued a $23.00 price target (up from $22.00) on shares of Marvell Technology Group in a research note on Friday. Stifel Nicolaus boosted their price objective on shares of Marvell Technology Group from $19.00 to $21.00 and gave the company a “hold” rating in a research report on Friday. Finally, BMO Capital Markets boosted their price objective on shares of Marvell Technology Group to $25.00 and gave the company a “market perform” rating in a research report on Monday, November 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $24.74.

In related news, insider Marvell Semiconductor, Inc. Ca sold 1,512 shares of the business’s stock in a transaction dated Thursday, January 18th. The shares were sold at an average price of $23.86, for a total transaction of $36,076.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Michael G. Strachan sold 20,000 shares of the company’s stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $23.65, for a total transaction of $473,000.00. Following the completion of the sale, the director now owns 19,702 shares in the company, valued at approximately $465,952.30. The disclosure for this sale can be found here. 6.80% of the stock is owned by insiders.

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Marvell Technology Group Company Profile

Marvell Technology Group Ltd. is a semiconductor provider of application-specific standard products. The Company is engaged in the design, development and sale of integrated circuits. The Company develops System-on-a-Chip (SoC) devices. It also develops integrated hardware platforms along with software that incorporates digital computing technologies designed and configured to provide an optimized computing solution.